Weekly Initial Unemployment Claims exceeded levels of the corresponding week in the previous year for the first time in two years. Yet the non-farm payrolls numbers grew by a healthy 244,000. The bizarre contradictions were emphasized by sharp drops in commodities, smaller declines in stocks, and disappointing reports on productivity and from the ISM non-manufcturing survey.
Tag Archives: labor participation rate
CBO Projects Little Change in Jobs Growth
According to the CBO, slow jobs growth for the next decade will be the result of a combination of economic and demographic factors.